United Natural Foods Inc (UNFI)
Fixed asset turnover
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 | 22,127,200 |
| Property, plant and equipment | US$ in thousands | 1,767,000 | 1,690,000 | 1,784,000 | 1,701,000 | 1,639,260 |
| Fixed asset turnover | 17.06 | 17.08 | 15.00 | 15.46 | 13.50 |
July 29, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $30,138,000K ÷ $1,767,000K
= 17.06
Fixed asset turnover measures how efficiently a company utilizes its fixed assets to generate sales. A higher fixed asset turnover ratio indicates better utilization of fixed assets.
United Natural Foods Inc.'s fixed asset turnover ratio has been consistently high over the past five years, averaging 15.60. This indicates that the company has been successful in generating sales relative to its investment in fixed assets.
The slight increase in the ratio from 2021 to 2022 suggests improved efficiency in using its fixed assets to generate sales. However, the ratio remained relatively stable in the most recent year, indicating a continued strong performance in this aspect.
Overall, United Natural Foods Inc. has demonstrated effective utilization of its fixed assets to drive sales, which reflects positively on its operational efficiency and profitability.
Peer comparison
Jul 29, 2023